SOO Southampton LS.

RNS Number:3261G
Southampton Leisure Holdings PLC
25 October 2007




                        Southampton Leisure Holdings Plc
                        ("Southampton" or the "Company")

                       Clarification of press speculation

Following recent press speculation and further to the announcement made on 22
October 2007, the Board of Southampton confirms that it is in discussions with
SISU Capital Limited ("SISU") and their advisers regarding a possible investment
in the Company. The indicative offer referred to in the Company's announcement
dated 22 October is subject to a number of conditions which have yet to be
satisfied including, inter alia, the completion of satisfactory due diligence by
SISU and the approval of shareholders of Southampton.

In the event that SISU makes an investment in the Company on the terms of the
indicative offer, it is currently intended that the investment would be effected
by way of a placing of new shares at a price of 40p per ordinary share. SISU
intends to become a majority shareholder in Southampton but has indicated in its
offer that it would be willing to make a tender offer to existing shareholders
of the Company provided that such tender offer did not lead to it becoming a
minority shareholder.

As referred to above, the exact terms and structure of any investment are yet to
be finalised and are subject to further discussions between the Board and SISU.

In line with most listed companies, SISU would wish to put in place executive
remuneration packages which would reward the management team on achieving
certain milestones. The terms of any such remuneration packages would be
negotiated and finalised following completion of any investment. In addition,
subject to shareholder approval, investment bonuses may be payable to certain
members of the management team on any successful investment.

As stated previously, any investment by SISU would be a long term commitment
driven by its desire to place the Company in a position to maximise the club's
opportunity of promotion to the Barclays Premier League.

The Board can also confirm it has not received a formal Offer from Paul Allen.
No shareholder has yet indicated support for the proposals set out above. If
SISU is to make a formal offer to the shareholders of the Company, it has stated
its desire to do so only with the full support of the Board and shareholders of
Southampton.

The Board believes that adverse publicity, to which potential offerors have been
subjected to, has prevented the Company from being the subject of any previous
bids.

The Company will make further announcements as necessary in due course.

Enquiries:

Southampton Leisure Holdings                                     0845 688 9448
Jim Hone, CEO

Seymour Pierce Limited                                           020 7107 8000
Roger Clement/Sarah Jacobs

Square 1 Consulting                                              020 7929 5599
David Bick




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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